News, Views and More on ERHC Energy (OTC BB Symbol ERHE) from American Reporter Editor-in-Chief Joe Shea, an ERHE Investor

Friday, January 23, 2009

Ledbetter's Laments

We've had a long conversation with Jim Ledbetter, the company's recently separated Chief Technical Officer. He is doubtful, I gather, that the Adan Abraham will ever be our drillship, but notes that several others are possibilities. Nonetheless, he isn't hoping for any drilling activity until the last quarter of 2009.

He was critical of decisions to throw away corporate money on lawsuits that solved nothing, went nowhere and only achieved a reduction in our assets. He felt strongly that current management is generally incompetent.

About Me

... My greatest achievement was to win a First Amendment lawsuit (Shea v Reno) against Atty. Gen. Janet Reno over the First Amendment, in which I got a law declared unconstitutional in Manhattan Federal Court and was affirmed by the U.S. Supreme Court.
I've been a reporter almost all my life, and have worked at or published in publications like The Reader's Digest, Esquire, Argosy, the Los Angeles Times and the San Francisco Chronicle. I was a 1970 Pulitzer Prize nominee for my stories in the Village Voice, and am an investigative reporter who once got the President's nominee to the SEC withdrawn.
I'm also a native New Yorker who grew up on a farm in a small village that is now an important suburb of New York City. We still live in our pre-Revolutionary War family farmhouse there. I lived in Marietta, Ga., and Norman, Okla., as a kid, and went to the University of Oklahoma, Orange County Community College in Middletown, N.Y., and Antioch College in Columbia, Md.
I lived in Beverly Hills and Hollywood, Calif., for 26 years until moving to Bradenton, Fla., in 2003.